From: marv eatinger [marv@mitec.net]
Sent: Thursday, December 05, 2002 5:32 PM
To: rule-comments@sec.gov
Cc: neil.budde@wsj.com
Subject: SEC public comment concerning File No. S7-45-02
Attn: Jonathan G. Katz,
Secretary of the Commission
Re: File No. S7-45-02
Dear SEC:
Public comment by Marv Eatinger to proposed addition of part 205 to
17CFR is as follows:
Proposed new part 205 to 17CFR (Standards of Professional Conduct
for Attorneys Appearing and Practicing before the Commission), that
includes: "up the ladder" reporting, and "noisy withdrawal".
If the proposed new part 205 to 17CFR had been in place originally
as part of the Standards of Professional Conduct for Attorneys
Practicing before the Commission, the securities fraud violations
(civil and criminal) concerning recently exposed public companies
would probably have been stopped from moving forward! If you study
the scheme perpetrated by two public companies (see posts on
www.ragingbull.com by Virgule) you will see how this proposed new
part 205 to 17CFR would have inhibited the Professionals approach
to moving their scheme forward.
Sincerely,
Marv Eatinger
cc: Alan L. Beller, Senior Counselor to the Commission
Giovanni P. Prezioso, General Counsel to the Commission